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TRUMP Just Gave Some GREAT NEWS TO EVERYONE ON SOCIAL SECURITY!

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THERE IS SOME GOOD NEWS COMING OUT OF WASHINGTON FOR SENIORS RIGHT NOW.

THERE IS NO QUESTION THAT PRESIDENT TRUMP HAS A LOT OF WORK TO DO TO SECURE SOCIAL SECURITY AND ENSURE THOSE WHO PAID IN ARE GETTING THEIR MONEY BACK. TRUMP HAS NOT TACKLED THE PROBLEM COMPLETELY YET BUT THERE IS STILL SOME GOOD NEWS FOR THOSE WHO ARE BUSTING THEIR BUTTS TO ADD TO THEIR INCOME WHILE COLLECTING THEIR SOCIAL SECURITY BENEFITS.

WORLD NEWS POLITICS
 Reports: 2017 will bring modest pay increases for all social security recipients. The average monthly payment will increase to $1,360 for single recipients and about $2,260 for married couples.

But that’s not all the good news coming from Washington these days. Social Security recipients who want or need to work just got a helping hand from Washington.

Those people, who want or need to work, will now be able to earn more in 2017 without affecting their benefits.

Those under 65 can earn up to $16, 920 this year. Those who are turning 66 can earn as much as $44, 880, up $3,000 from last year.

In the past, if you worked and received benefits you faced penalties if you earned too much. Those penalties are going down this year, reflecting the new reality that Americans are working much later that before.

$1 in benefits will be withheld for every $2 over the maximum earnings for those under age 65. For those 66, but not yet full retirement age (66yrs, 2 months), $1 for every $3 earned over the limit will be held back.

Once full retirement age is reached, there is no limit on what one can earn. Also, any money previously withheld will be returned.

The maximum benefit payment a person at full retirement age will get is going up to $2,687. However, that payment could increase by more, if retirement is delayed until age 67.

WHILE THIS IS A GOOD PLACE TO START WE EXPECT TO SEE MUCH MORE FROM TRUMP TO TAKE CARE OF THE PEOPLE WHO PAID INTO THIS SYSTEM WITH THE UNDERSTANDING THEY WERE GOING TO GET THEIR MONEY BACK WHEN THEY NEEDED IT. I FOR ONE WOULD LIKE TO SEE SOCIAL SECURITY PAYMENTS TIED TO THE INFLATION RATE SO SENIORS, WHO ARE ON A FIXED INCOME, DO NOT SEE THEIR PURCHASING POWER CONTINUE TO DECLINE.

 

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2 Comments

  1. CPH

    December 19, 2017 at 7:37 pm

    We need POTUS Trump to continue to get Social Security back on track. I too, agree that inflation should be considered for adjusting pay for seniors. The illegals get benefits even when they should not so why cant the Social Security benefits be adjusted based on inflation and cost of living. Take the monies away from the illegals and give it to our legal citizens.

  2. Sandy

    December 20, 2017 at 3:12 pm

    Even though my monthly Social Security check went up by 2%, the over 21% increase in my Medicare B completely wiped out the small increase. So for the 4th year in a row, my monthly SS check is the same.

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